Financing is usually the longer step. A lender needs an appraisal, income verification and a final approval before funds are ready, and a buyer who skipped pre-approval is starting that process from scratch after an offer is already accepted, which is the single biggest reason a fast close slips.
Title is the shorter step but the less forgiving one. Information Services Corporation has to confirm the seller actually holds clear title, with no undischarged mortgage, unpaid tax certificate or unregistered claim, and a lawyer typically bills $800 to $1,500 for that search and the closing work around it.
A seller who wants speed can help both sides along by having mortgage discharge information and any permit paperwork ready before an offer even arrives, rather than scrambling once a condition deadline is already running. Get your hand-reviewed valuation from Joel Dyck.